Lower-of-cost-or-market method On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by applying lower-of-cost-or-market to each inventory item, as shown in Exhibit 10. Commodity Inventory Quantity: Cost per Market Value per Unit Unit (Net Realizable Value) JFW1 149 $32 $30 SAW9 295 17 22